Connect with us

Blockchain

Public Mint Partners with KIRA to Enable Cross-Chain Liquid Staking

[Press Release – San Francisco, California, 10th May, 2021] Public Mint and KIRA have announced a strategic partnership that would see Public Mint’s native tokens integrated in KIRA’s cross-chain liquid staking platform, enabling holders of Public Mint’s USD+ and MINT tokens to benefit from cross-chain DeFi opportunities while continuing to receive yield through Public Mint. […]

Published

on

[Press Release – San Francisco, California, 10th May, 2021]

Public Mint and KIRA have announced a strategic partnership that would see Public Mint’s native tokens integrated in KIRA’s cross-chain liquid staking platform, enabling holders of Public Mint’s USD+ and MINT tokens to benefit from cross-chain DeFi opportunities while continuing to receive yield through Public Mint.

KIRA is an interoperable blockchain hub that offers cross-chain liquid staking for a number of tokens. Liquid staking is an innovative DeFi primitive that tokenizes a user’s staked assets to enable seamless use in other environments. KIRA will allow users to deposit their Public Mint native assets, including the USD+ synthetic stablecoin and the MINT governance token, which will be seamlessly staked to continue to receive yield. In return, users will receive an IOU token that represents the funds locked in the platform and can be redeemed at any time for the underlying funds. Using a tokenized representation means that the underlying funds can be used seamlessly as if they were the original token, and can be put to work through other DeFi yield opportunities, effectively multiplying capital efficiency and yield.

Through the integration with KIRA, Public Mint assets can be connected to a number of other blockchains supported by the network thanks to its Interchain Exchange Protocol (IXP). This further enhances Public Mint’s vision of interoperability, adding to the existing native bridge with the Ethereum blockchain.

“We’re excited to be partnering with KIRA to further connect the Public Mint blockchain with the wider crypto ecosystem,” said Paulo Rodrigues, CEO of Public Mint. “KIRA’s liquid staking ability will vastly increase capital efficiency and attract more liquidity to Public Mint’s Earn program. We expect to see even more use cases for USD+ and MINT deriving from this integration in the future.”

“Building a truly inclusive and capable DeFi ecosystem is what KIRA stands for, which is why we designed our cross-chain liquid staking system,” said Milana Valmont, CEO of KIRA. “Partnering with Public Mint furthers that vision to bring KIRA to the widest audience possible, especially given their focus on users who are not too crypto-savvy.”

Public Mint is a complete platform for synthetic fiat that is fully collateralized, regulated and FDIC-insured, running on a fiat-native blockchain. The platform is designed to be fiat-friendly, allowing non-crypto users to earn significant yield on their assets without exposing themselves to the complexity and volatility of cryptocurrencies. The EARN program is Public Mint’s yield aggregation platform, containing strategies that combine yield opportunities from both DeFi and more traditional cryptocurrency lending, commonly referred to as “CeFi.” EARN will be available from Q3 through the Public Mint mobile wallet app, complete with a native fiat-to-crypto rail, as well as with USDC bridged from the Ethereum blockchain.

About Public Mint

Public Mint bridges the worlds of traditional fiat with the innovative world of crypto. It offers a complete platform for synthetic fiat, regulated and fully collateralized with funds held on deposit with FDIC-insured financial institutions.

Public Mint offers a fiat-native blockchain, APIs and web components, open and ready for anyone to build fiat-native applications and accept credit cards, ACH, wire transfers, and more — no bank accounts needed.

About KIRA

KIRA is the first decentralized network that enables market access to any digital asset in the crypto ecosystem. Users can earn block and fee rewards from staking any digital asset on multiple chains at the same time, while maintaining full liquidity and custody over their funds, whether trading on KIRA or using other DeFi apps simultaneously.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/public-mint-partners-with-kira-to-enable-cross-chain-liquid-staking/

Blockchain

The President of Tanzania Urges Central Bank to Start Exploring Bitcoin and Other Digital Assets

It has been recently revealed that the president of Tanzania wants the Central Bank of the country to start exploring Bitcoin and other digital assets.

Published

on

Table of Contents

Rate this post

It has been recently revealed that the President of Tanzania Samia Sukuhu Hassan wants the Central Bank of the country to start exploring Bitcoin and other digital assets. With this, it can be assured that Tanzania is appearing to be the latest emerging economy poised to embrace Bitcoin and other crypto assets.

President Samia Sukuhu Hassan Urges Central Bank to Get Ready for Bitcoin

The Tanzanian President Samia Suluhu Hassan has recently urged the Central Bank of the country on June 14, 2021, to start exploring adapting to cryptocurrency assets and Bitcoin.

She laid an emphasis on the growing impact of these crypto-assets on global finance and stated:

“We have witnessed the emergence of a new journey through the internet.”

In addition to this, she highlighted the lack of crypto acceptance and development in the East African region and said:

“Throughout the region, including Tanzania, they have not accepted or started using these routes. My call to the Central Bank is that you should start working on that development. The Central Bank should be ready for the changes and not be caught unprepared.”

South Africa Also Planning to Regulate Digital Assets Trading

As it has been recently revealed, South Africa has laid the foundation for finance watchdogs to set crypto-asset controls, as the country is looking forward to restraint surging cases of fraud and improve the management of cross-border flows.

The Intergovernmental Fintech Working Group of the nation said:

“Crypto-assets will be brought into the South African regulatory purview in a phased and structured manner. It is, however, reiterated that with or without regulation, crypto-assets remain inherently risky and volatile.”

In addition to this, the IFWG stated:

“The dynamic development of the crypto market must continue to be pro-actively monitored, including maintaining knowledge on emerging international best practices through standard-setting bodies.” 

READ  Bitcoin and Ethereum Indexes Launched by the S&P Dow Jones Indices

#Bitcoin #Digital Assets #Samia Sukuhu Hassan #South Africa #Tanzania

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/the-president-of-tanzania-urges-central-bank-to-start-exploring-bitcoin-and-other-digital-assets

Continue Reading

Blockchain

The President of Tanzania Urges Central Bank to Start Exploring Bitcoin and Other Digital Assets

It has been recently revealed that the president of Tanzania wants the Central Bank of the country to start exploring Bitcoin and other digital assets.

Published

on

Table of Contents

Rate this post

It has been recently revealed that the President of Tanzania Samia Sukuhu Hassan wants the Central Bank of the country to start exploring Bitcoin and other digital assets. With this, it can be assured that Tanzania is appearing to be the latest emerging economy poised to embrace Bitcoin and other crypto assets.

President Samia Sukuhu Hassan Urges Central Bank to Get Ready for Bitcoin

The Tanzanian President Samia Suluhu Hassan has recently urged the Central Bank of the country on June 14, 2021, to start exploring adapting to cryptocurrency assets and Bitcoin.

She laid an emphasis on the growing impact of these crypto-assets on global finance and stated:

“We have witnessed the emergence of a new journey through the internet.”

In addition to this, she highlighted the lack of crypto acceptance and development in the East African region and said:

“Throughout the region, including Tanzania, they have not accepted or started using these routes. My call to the Central Bank is that you should start working on that development. The Central Bank should be ready for the changes and not be caught unprepared.”

South Africa Also Planning to Regulate Digital Assets Trading

As it has been recently revealed, South Africa has laid the foundation for finance watchdogs to set crypto-asset controls, as the country is looking forward to restraint surging cases of fraud and improve the management of cross-border flows.

The Intergovernmental Fintech Working Group of the nation said:

“Crypto-assets will be brought into the South African regulatory purview in a phased and structured manner. It is, however, reiterated that with or without regulation, crypto-assets remain inherently risky and volatile.”

In addition to this, the IFWG stated:

“The dynamic development of the crypto market must continue to be pro-actively monitored, including maintaining knowledge on emerging international best practices through standard-setting bodies.” 

READ  SandBox Price Prediction 2021-2025: SAND Token Can Hit $1 by 2025

#Bitcoin #Digital Assets #Samia Sukuhu Hassan #South Africa #Tanzania

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/the-president-of-tanzania-urges-central-bank-to-start-exploring-bitcoin-and-other-digital-assets

Continue Reading

Blockchain

The President of Tanzania Urges Central Bank to Start Exploring Bitcoin and Other Digital Assets

It has been recently revealed that the president of Tanzania wants the Central Bank of the country to start exploring Bitcoin and other digital assets.

Published

on

Table of Contents

Rate this post

It has been recently revealed that the President of Tanzania Samia Sukuhu Hassan wants the Central Bank of the country to start exploring Bitcoin and other digital assets. With this, it can be assured that Tanzania is appearing to be the latest emerging economy poised to embrace Bitcoin and other crypto assets.

President Samia Sukuhu Hassan Urges Central Bank to Get Ready for Bitcoin

The Tanzanian President Samia Suluhu Hassan has recently urged the Central Bank of the country on June 14, 2021, to start exploring adapting to cryptocurrency assets and Bitcoin.

She laid an emphasis on the growing impact of these crypto-assets on global finance and stated:

“We have witnessed the emergence of a new journey through the internet.”

In addition to this, she highlighted the lack of crypto acceptance and development in the East African region and said:

“Throughout the region, including Tanzania, they have not accepted or started using these routes. My call to the Central Bank is that you should start working on that development. The Central Bank should be ready for the changes and not be caught unprepared.”

South Africa Also Planning to Regulate Digital Assets Trading

As it has been recently revealed, South Africa has laid the foundation for finance watchdogs to set crypto-asset controls, as the country is looking forward to restraint surging cases of fraud and improve the management of cross-border flows.

The Intergovernmental Fintech Working Group of the nation said:

“Crypto-assets will be brought into the South African regulatory purview in a phased and structured manner. It is, however, reiterated that with or without regulation, crypto-assets remain inherently risky and volatile.”

In addition to this, the IFWG stated:

“The dynamic development of the crypto market must continue to be pro-actively monitored, including maintaining knowledge on emerging international best practices through standard-setting bodies.” 

READ  Bitcoin May Lose Its Struggle to be Adopted as the World’s Reserve Currency

#Bitcoin #Digital Assets #Samia Sukuhu Hassan #South Africa #Tanzania

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/the-president-of-tanzania-urges-central-bank-to-start-exploring-bitcoin-and-other-digital-assets

Continue Reading

Blockchain

Bitcoin Mining Difficulty Plunges 5% to 19.8 Trillion Following Xinjiang’s Order to Shutdown Operations

The Bitcoin mining difficulty plunged by around 5.3% on Sunday night on the back of a recent fall in the hash rate, plunged to the level of 19.8 trillion.

Published

on

Table of Contents

Rate this post

The Bitcoin mining difficulty plunged by around 5.3% on Sunday night UTC on the back of a recent fall in the hash rate. On-chain data shows that the bitcoin mining difficulty of the Bitcoin Network plunges to the level of 19.8 trillion, a level which was not witnessed since the month of January.

Bitcoin Mining Difficulty Plunges on Bitcoin Network

Talking about the bitcoin mining difficulty, it is how the network targets to keep the production of the blocks at an even rate regardless of the broadly fluctuating hash rate

Depending on the hash rate of the network, the difficulty in the mining either drops or surges in order to accommodate the fluctuating hash rate.

On May, 30, the last adjustment in bitcoin mining was witnessed and since then, the hash rate of the network has managed to stay stable. However, on June 9, the miners in the Zhundong Economic and Technology Development Zone have obtained orders to shut down operations.

Well, it is a result of the high-level comment regarding the crackdown on Bitcoin trading and mining activities by the State Council of China.

Will Bitcoin Rise to $100,000?

Mike McGlone, the Chief Commodity strategist of Bloomberg, believes that the year 2021 shows a number of earmarks for the strong advance of Bitcoin as BTC is still targeting the level of $100,000.

Dan Tapiero, the Co-founder of Gold Bullion, recently released a statement mentioning the huge rise of the flagship cryptocurrency and the DLT analog saying:

“#Bitcoin has never topped with volatility this low. Massive upside still ahead. Twtr sht termers too negative. US Corp adoption unlikely despite @michael_saylor. #Btc biggest global macro event of all time. Smaller countries in NEED/alpha hungry lead.”

In addition to this, he said that he is aware of the fact that the US corporations won’t accept Bitcoin as of now, regardless of all the efforts of Michael Saylor.

READ  Bloomberg Analyst Mike McGlone Predicts Bitcoin To Reach $20,000 In 2020

#Bitcoin mining difficulty #Mike McGlone

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/bitcoin-mining-difficulty-plunges-5-to-19-8-trillion-following-xinjiangs-order-to-shutdown-operations

Continue Reading
Esports36 mins ago

Godfall Fire and Darkness DLC Coming on August 10

Esports37 mins ago

5 Things We Want in League of Legends Patch 11.13

Cleantech44 mins ago

Radio Flyer Is Growing Up With Its First Line Of Products Aimed At Adults

Energy53 mins ago

Helmsley Grants $20 Million To EMI For Improvements To Water, Sanitation, And Hygiene (WASH) In Rural Alaska

Energy57 mins ago

S&C Electric Company Introduces New Sustainable Switchgear Design

Aviation57 mins ago

WestJet Launches New Boeing 787 Amsterdam Flights

Energy1 hour ago

TXU Energy Kicks Off 2021 Beat the Heat Program, Providing Thousands of Fans and A/C Units to Those in Need

Esports1 hour ago

Meta Threads “Monday Night Meta’ Warzone Tournament Results

Cleantech1 hour ago

Waymo & J.B. Hunt Team Up To Bring Autonomous Freight Trucks To Texas

Energy1 hour ago

Grupo Simec, S.A.B. de C.V. (NYSE: SIM) significant event (unusual movements)

Blockchain2 hours ago

The President of Tanzania Urges Central Bank to Start Exploring Bitcoin and Other Digital Assets

Blockchain2 hours ago

The President of Tanzania Urges Central Bank to Start Exploring Bitcoin and Other Digital Assets

Blockchain2 hours ago

The President of Tanzania Urges Central Bank to Start Exploring Bitcoin and Other Digital Assets

Esports2 hours ago

Apex Legends Developers Share News on Ranked Arenas in Patch 9.1

Cleantech2 hours ago

Oh, So They Do Make Electric Trucks After All

Aviation2 hours ago

Years In The Making: flydubai Launches Slovenia Flights

Energy2 hours ago

Chemicals For Cosmetics and Toiletries Market | $ 8.33 billion growth expected during 2021-2025 | 17000+ Technavio Research Reports

Esports2 hours ago

ACNH: How to Get Purple Hyacinth Guide

HRTech2 hours ago

El Salvador: Welche enormen Risiken jetzt auf das Land zukommenNEU 

Cleantech2 hours ago

PG&E Commissions Microgrid Near Yosemite National Park

Big Data2 hours ago

U.S. Supreme Court revives LinkedIn bid to shield personal data

Big Data2 hours ago

In El Salvador’s bitcoin beach town, digital divide slows uptake

Aviation2 hours ago

The US Airports That Are Winning: Fort Myers Comes Out Top

Big Data2 hours ago

YouTube bans masthead ads for politics, alcohol and bets

Cleantech3 hours ago

Art Project: All Electric Honda Ridgeline Off-Roader

Esports3 hours ago

Doublelift on roster changes: ‘It’s really unfair to sub somebody in and give them two days of scrims plus one day of LCS, and if they don’t f*****g play great on that one day, it’s over’

Esports3 hours ago

Doublelift on roster changes: ‘It’s really unfair to sub somebody in and give them two days of scrims plus one day of LCS, and if they don’t f*****g play great on that one day, it’s over’

AR/VR3 hours ago

Vertigo Games Shares a Triple VR Update for E3 2021

Blockchain3 hours ago

Bitcoin Mining Difficulty Plunges 5% to 19.8 Trillion Following Xinjiang’s Order to Shutdown Operations

Blockchain3 hours ago

Bitcoin Mining Difficulty Plunges 5% to 19.8 Trillion Following Xinjiang’s Order to Shutdown Operations

Trending